South-West Region in China is Expected to Dominate the China Two-Wheeler Market through 2028
Advancements
in technology and the increasing demand for electric two-wheeler is driving the
China two-wheeler market.
According to the TechSci
Research report, "China
Two-Wheeler Market- By Region,
Competition, Forecast and Opportunities, 2028", China
two-wheeler has seen market growth. One of the primary reasons of growing
demand for two-wheeler is that they provide better mileage compared to
passenger cars, owing to their small size and light weight. High two-wheeler
fuel efficiency also reduces travel cost. Moreover, two-wheeler don’t have any
peripheral units which consumes power from engine. Also, in comparison to
passenger cars, the maintenance cost of two-wheeler is comparatively lower with
the annual maintenance cost of a two-wheeler being approximately one-third of
the maintenance cost of a passenger car. By increasing pollution in the
country, the Chinese government has been actively promoting the use of electric
two-wheeler to reduce air pollution and dependence on fuel-based two-wheeler.
The government has also introduced many subsidies for the purchase of electric
two-wheelers, including tax breaks, low-interest loans, and free license
plates. The people in China have also shifted towards the electric two-wheeler
because it offers significant cost savings over their gasoline-powered
counterparts. Additionally, the electric two-wheeler has lower fuel and
maintenance costs. With time, many automotive manufacturers have achieved the
technological advancements in the two-wheeler segments. The advances in battery
technology and motor efficiency have made electric two-wheelers more reliable
and affordable, which has helped to increase their popularity in various cities
of China.
In China, the popularity for
the adventure and outdoor activities are driving the demand for the off-road
motorcycles. The increase in the popularity of adventure sports, such as
camping and hiking is resulting in corresponding increase in demand for
motorcycles designed for off-road use, such as dual-sport or dirt bikes. These
types of motorcycles are built to handle rough terrain and are often used for
off-road exploration and are likely to drive the China two-wheeler market in
the forecasted years.
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People
find two-wheeler as a more convenient more of transportations in these areas
because they are more manoeuvrable in traffic and easier to park than
four-wheeler. Also, people find two-wheeler as more affordable because they are
less expensive than cars, which makes them more accessible to a wider range of
consumers.
In
China, the growing interest among young customers for big bikes with the high
specification for traveling to colleges & offices as well as adventurous
trips is raising the premium bike segment sales in the country. According to
the world economics global wealth ranking, the gross net income purchasing
power parity (PPP) per capita of UAE stood around USD21,804 in 2022, leading an
increase in consumer income. The consumer expenditure and incomes of medium and
low-income groups are also growing, so they prefer to buy premium motorbikes.
Moreover, for recreational and racing purposes, such premium bikes are more
popular among their enthusiasts, and hence, the sales for motorcycles above
250cc are expected to increase in the coming years as well. By noticing the
trend for electric two-wheeler, many automotive manufacturers have increased
their product range such as Luyuan e-vehicle Co, Ltd. The product they offer in
electric two-wheeler includes MQN5 EEC Electric Motorcycle, S10 Light Electric
Motorcycle, and MEC Light Electric Motorcycle. All these factors are expected
to drive the China two-wheeler market in the coming years.
Some
of the major players operating in the China two-wheeler market include:
·
Jiangmen Dachangjiang Group Co., Ltd
·
Loncin Holding Ltd
·
Lifan Holdings Co., Ltd.
·
Zongshen Industrial Group Co., Ltd
·
Chongqing Yinxiang Motorcycle (Group) Co., Ltd
·
Sundiro Honda Motorcycle Co., Ltd
·
Yadea Group Holdings Ltd
·
AIMA Technology Co., Ltd
·
Zhejiang Luyuan Electric Vehicle Co.,Ltd
·
Dongguan Tailing Electric Vehicle Co., Ltd.
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“Many companies in
China are investing in the research and development department for the
advancement in the two-wheeler technology, to increase the product range. In
China, the sales of electric two-wheeler have increased with time. Due to this,
many two-wheeler manufacturers has increased the production of electric
two-wheeler and started to introduce new products to increase their market
reach. The investment by the major automotive manufacturing companies in the
two-wheeler segment will help to provide more option for the buyers in China,
which will further drive the China two-wheeler market during the forecast
period” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“China
Two-Wheeler Market, By Propulsion Type (ICE Vehicle, Electric Vehicle), By
Vehicle Type (Motorcycle, Scooter/Moped), By End Use (Individual,
Institutional), By Region, Competition, Forecast and Opportunities, 2028” has
evaluated the future growth potential of China two-wheeler
market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the China two-wheeler
market.
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